They tested the lower levels and tried to shake out supply last week at the 4.2 to 3.9c level but it didn't work, seems people especialy retailer traders have smartened up (finally) and not set any autmoatic stop-losses at the typical trigger levels or fallen for these games that have been going on for months now.
Breaking out from the descending triangle pattern on the Daily, which is bullish.
Sitting nicely above the 9-EMA, 13-EMA and 50-MA and right on the 25-MA; last week it broke down through the 50-MA which was bearish but it rejected those lower levels and has bounced back above.
Closed that intra-day gap at 4.5c as well, which was strange as it opened at 4.4c on CXA, skipped to 4.6c and touched 4.7c and missed 4.5c; so that's closed and the market can move on without that overhanging.
That "u" buyer is back at 4.4c too just now as I type (10:37am)
Few fake sells at 4.7c, watch them disapear soon I think.
Weekly Chart looking great, it was showing some signed of weakness but has held up and traded sideways overall, bounced off the support level last week and like the Daily chart it's breaking out from the descending triangle.
Antimony price continues to rise and is being touted to hit $100,000 this year, which still won't affect supply or anything as it doesn't impact the same way as price rises in Lithium do.
The US signed another arms deal to supply, they'll need more antimony and a lot of it.
Great to see former Mandalay Resources Vice President joining TMG, lots of experience from his time at the Costerfield Gold-Antimony mine in Victoria, which I think is the only current active Antimony mine in Australia.
Only a positive to have an experienced figure like Andre join, especially with his contacts in the industry and understanding of how to progress a project like this.
TMG getting all their pieces in place and getting ready for the next stages, walk before you run.
A few big presentations from the company coming up with week including the Antimony Panel and then heading to Miami to present at the mining conference there, which should garner a lot more attention for US investors.
Price back to 4.7c as it's taken me longer to type this out than expected, so two daily charts below with the two different time frames and prices which is interesting to see the change and build up and the Weekly Charts as well.
The Distribution Zone now starting to blend with the Accumulation zone rising to 4.2. to 4.7c level.
MACD has crossed up (golden cross) so this will get many traders attention on their alerts, once 4.7 gets taken then 5c should get tested.
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